524 Powell StSalinasCA93907
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Salinas at 524 Powell St, Salinas, CA, 93907 generates $3,248/mo in rent, after a $3,019/mo payment. Total monthly income is $3,248/mo. Return on cash invested sits at 16.7% in year one, and rental yield is 6.32% on a $616,900 entry. Equity gained on principal adds $3,981/yr, while 5% annual appreciation builds toward $170,438 over five years. Five-year ROI reaches 85.63% and total cumulative return in cash sums $173,786. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,248/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
3,878 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 93907, Salinas, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,780 (100%) |
| Owner Occupied HU | 5,105 (65.6%) |
| Renter Occupied HU | 2,338 (30.1%) |
| Vacant Housing Units | 337 ( 4.3%) |
| Median Home Value | $770,228 |
| Average Home Value | $891,078 |
Housing Distribution
Address Breakdown
Residential
7,425
Single Family
7,403
Multi-Family
22
Businesses
576
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